Municipality of Río Cuarto’s Series XXXVII Treasury Notes Issuance for AR$2,800,000,000
Legal counsel to the Municipality of Rio Cuarto, as issuer, Banco de la Provincia de Córdoba S.A. and Puente Hnos. S.A., as arrangers and placement agents, and Banco de Galicia y Buenos Aires S.A.U., Adcap Securities Argentina S.A., Banco de Servicios y Transacciones S.A., Facimex Valores S.A., and Global Valores S.A., as placement agents in the issuance of Municipality of Río Cuarto’s Series XXXVII Treasury Notes (the “Treasury Notes”), under the Municipality of Río Cuarto’s Treasury Notes Issuance Programme. The transaction closed on October 10 , 2024, and the Treasury Notes are secured by the Municipality's credits for contributions levied on commercial, industrial and service companies’ activities, and subsidiarily by the resources derived from the Federal Co-participation Regime. The Treasury Notes were issued for AR$2,800,000,000 at an annual floating interest rate equivalent to Badlar plus 10,97%, due on July 10, 2025.
Municipality of Cordoba’s Treasury Bonds 2024 Series I Issuance for AR$ 40,000,000,000
Legal counsel to the Municipality of Córdoba, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement, and to Banco Santander Argentina S.A., Banco Comafi S.A., Banco Hipotecario S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Banco de Galicia y Buenos Aires S.A.U., Macro Securities S.A., Banco Patagonia S.A., SBS Trading S.A., Adcap Securities Argentina S.A., Facimex Valores S.A., Petrini Valores S.A., Becerra Bursátil S.A., S&C Inversiones S.A., and Banco de la Ciudad de Buenos Aires as placement agents, in the issuance of Municipality of Cordoba’s Treasury Bonds 2024 Series I (the “Treasury Bonds 2024 Series I”), under the Municipality of Cordoba’s Treasury Bonsds Issuance Program. The payments due under the Treasury Bonds 2024 Series I are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Bonds 2024 Series I were issued on September 9, 2024, for AR$ 40,000,000,000 at an annual floating interest rate equivalent to Badlar plus 7.00%, due on September 9, 2026.
Province of Cordoba’s Class 2 Bonds Issuance for AR$ 120,000,000,000 (approximately US$ 134,078,212)
Legal counsel to the Province of Córdoba, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement agent, and Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Banco Santander Argentina S.A., Banco Hipotecario S.A., Banco Comafi S.A., Banco de Galicia y Buenos Aires S.A.U., Balanz Capital Valores S.A.U. and Macro Securities S.A., as placement agents, in the issuance of Province of Córdoba’s Class 2 Bonds (the “Class 2 Bonds”), under the Province of Cordoba’s Treasury Bonds Issuance Program for up to US$350,000,000. The payments due under the Class 2 Bonds are secured by a collateral assignment over rights of the Province of Córdoba arising from the Federal Tax Regime (Regimen de Coparticipación Federal). The Class 2 Bonds were issued in an aggregate principal amount of AR$ 120,000,000,000 equivalents to approximately US$ 134,078,212. Principal under the Class 2 Bonds is adjusted by the Reference Stabilization Index (Coeficiente de Estabilización de Referencia) plus a 4.50% interest rate. The Class 2 Bonds are due on May 24, 2027, and are repaid in two (2) amortization installments on November 24, 2026, and May 24, 2027. The proceeds of the Class 2 Bonds will be applied by the Province of Córdoba to the financing of the execution of infrastructure projects that make up the investment plan for the fiscal year 2024.
Municipality of Cordoba’s Series L Treasury Notes Issuance for AR$ 30,000,000,000
Legal counsel to the Municipality of Cordoba, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement, and to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Banco Santander Argentina S.A., Banco Hipotecario S.A., Banco Comafi S.A., Banco de Galicia y Buenos Aires S.A.U. and Macro Securities S.A. as placement agents, in the issuance of Municipality of Cordoba’s Series L Treasury Notes (the “Treasury Notes Series L”), under the Municipality of Cordoba’s Treasury Notes Issuance Program. The payments due under the Treasury Notes Series L are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series L were issued on March 21, 2024, for AR$ 30,000,000,000 at an annual floating interest rate equivalent to Badlar plus 6.99%, due on March 16, 2025.
Municipality of Cordoba’s Series XLIX Treasury Notes Issuance for AR$ 5,000,000,000
Legal counsel to the Municipality of Cordoba, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement, and to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Adcap Securities Argentina S.A., Banco de la Ciudad de Buenos Aires, Banco Santander Argentina S.A., Banco Hipotecario S.A., Facimex Valores S.A., SBS Trading S.A., Banco Comafi S.A., Nación Bursátil S.A., Banco de Galicia y Buenos Aires S.A.U., Becerra Bursátil S.A., Petrini Valores S.A., Macro Securities S.A., Banco Patagonia S.A., Dracma S.A. and S & C Inversiones S.A. as placement agents, in the issuance of Municipality of Cordoba’s Series XLIX Treasury Notes (the “Treasury Notes Series XLIX”), under the Municipality of Cordoba’s Treasury Notes Issuance Program. The payments due under the Treasury Notes Series XLIX are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series XLIX were issued on September 21, 2023, for AR$ 5,000,000,000 at an annual floating interest rate equivalent to Badlar plus 7.25%, due on July 17, 2024.
Province of Santa Fe’s Series II and III Treasury Notes Issuance for AR$ 5,000,000,000
Legal counsel to the Province of Santa Fe, as issuer, and to Nuevo Banco de Santa Fe S.A., as arranger and placement, in the issuance of Province of Santa Fe’s Series II Treasury Notes (the “Treasury Notes Series II”) and Series III Treasury Notes (“Treasury Notes Series III” and together with the Treasury Notes Series II the “Treasury Notes”) under the Province of Santa Fe’s Treasury Notes Issuance Programme (the “Programme”). The transaction closed on August 8, 2023 and the payments due under the Treasury Notes are secured by certain rights of the Province over the Federal Tax Sharing Regime. The Treasury Notes Series II were issued for AR$ 2,125,000,000, at an annual floating interest rate equivalent to Badlar plus 5.99%, due on November 6, 2023. The Treasury Notes Series III were issued for AR$ 2,875,000,000, at an annual floating interest rate equivalent to Badlar plus 6.50%, due on December 6, 2023.
Municipality of Río Cuarto’s Series XXXVI Treasury Notes Issuance for AR$850,000,000
Legal counsel to the Municipality of Rio Cuarto, as issuer, Banco de la Provincia de Córdoba S.A., and Puente Hnos. S.A., as arrangers and placement agents and Banco de Galicia y Buenos Aires S.A.U., Adcap Securities Argentina S.A., Balanz Capital Valores S.A.U., y GMA Capital S.A. as placement agents in the issuance of Municipality of Río Cuarto’s Series XXXVI Treasury Notes (the “Treasury Notes”), under the Municipality of Río Cuarto’s Treasury Notes Issuance Programme. The transaction closed on July 7, 2023, and the Treasury Notes are secured by the Municipality's credits for contributions levied on commercial, industrial and service companies' activities, and subsidiarily by the resources derived from the Federal Co-participation Regime. The Treasury Notes were issued for AR$850,000,000 at an annual floating interest rate equivalent to Badlar plus 12%, due on April 7, 2024.
Municipality of Cordoba’s Series XLVIII Treasury Notes Issuance for AR$ 3,000,000,000
Legal counsel to the Municipality of Cordoba, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement, and to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Adcap Securities Argentina S.A., Banco de la Ciudad de Buenos Aires, Banco Hipotecario S.A., SBS Trading S.A., Banco Comafi S.A., Nación Bursátil S.A., Banco de Galicia y Buenos Aires S.A.U., Becerra Bursátil S.A., Petrini Valores S.A., Macro Securities S.A.U., Banco Patagonia S.A. and Dracma S.A., as placement agents, in the issuance of Municipality of Cordoba’s Series XLVIII Treasury Notes (the “Treasury Notes Series XLIVIII”), under the Municipality of Cordoba’s Treasury Notes Issuance Program. The payments due under the Treasury Notes Series XLVIII are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series XLVIII were issued on June 1, 2023, for AR$ 3,000,000,000 at an annual floating interest rate equivalent to Badlar plus 7.49%, due on April 8, 2024.
Municipality of Cordoba’s Series XLVII Treasury Notes Issuance for AR$ 3,000,000,000
Legal counsel to the Municipality of Cordoba, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement, and to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Adcap Securities Argentina S.A., Banco de la Ciudad de Buenos Aires, Banco Hipotecario S.A., SBS Trading S.A., Banco Comafi S.A., Nación Bursátil S.A., Banco de Galicia y Buenos Aires S.A.U., Becerra Bursátil S.A. and Petrini Valores S.A., as placement agents, in the issuance of Municipality of Cordoba’s Series XLVII Treasury Notes (the “Treasury Notes Series XLIVII”), under the Municipality of Cordoba’s Treasury Notes Issuance Program. The payments due under the Treasury Notes Series XLVII are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series XLVII were issued on April 14, 2023, for AR$ 3,000,000,000 at an annual floating interest rate equivalent to Badlar plus 5.50%, due on February 8, 2024.
Municipality of Cordoba’s Green and Infrastucture Bond Issuance for AR$ 2,846,069,500
Legal counsel to the Municipality of Córdoba, as issuer, in the issuance of Municipality of Córdoba’s Debt Securities Series I and Debt Securities Series II (the “Debt Securities”). The payments due under the Debt Securities are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. Series I was issued on October 27, 2022, for AR$ 2,000,000,000 at an annual floating interest rate equivalent to Badlar plus 7.75%, due on October 27, 2025. Series II was issued on October 27, 2022, for AR$ 846,069,500 at an annual floating interest rat equivalent to Badlar plus 8.50%. Series I was qualified as Green Bonds, and it is the first public bond to be incorporated as green bonds into the “Panel de Bonos Sociales, Verdes y Sustentables” from Bolsas y Mercados Argentinos S.A.